Wyeth To Pay $14M In Attys' Fees In Pristiq Class Action

Law360, New York (August 8, 2013, 4:01 PM EDT) -- Pfizer Inc. unit Wyeth Pharmaceuticals Inc. will pay $13.5 million in attorneys' fees for a drug-related class action settlement after a New York federal judge on Wednesday ruled that the stockholder who objected to the payout lacked standing.

Wyeth agreed in 2012 to pay $67.5 million to settle a class action claim brought by a group of investors who say the company failed to disclose serious side effects associated with the antidepressant drug Pristiq. But stockholder Julia Petri objected to the attorneys' fees.

District Judge Richard...
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